AIA

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") is pleased
to announce it has entered into an agreement to purchase a 100% undivided
interest in a 12,622 ha (126 km2) property consisting of 29 mining claims named
the Prosperity North Property in the Clinton Mining Division of British Columbia
from Pioneer Metals Unlimited Liability Company ("Pioneer"), a subsidiary of
Barrick Gold Corporation ("Barrick"). The Prosperity North Property is
contiguous with Taseko Mines Limited's (Taseko's) Prosperity copper-gold deposit
in the Williams Lake area of British Columbia.  


Taseko's Prosperity deposit is a gold-copper porphyry with a 1.0 billion tonne
Measured and Indicated Resource containing 5.3 billion pounds of copper and 13.3
million ounces of gold and is one of the largest undeveloped copper-gold
deposits in Canada. The Prosperity North Property covers a similar geological
trend to the Prosperity deposit and contains a largely untested Induced
Polarization (IP) anomaly that may be consistent with a porphyry-style copper
deposit. 


The purchase price for a 100% undivided interest in the Prosperity North
Property is the issuance of 5-year warrants to purchase 1.5 million Auriga Gold
common shares at a strike price of $1.00 per share. The warrants and the
underlying common shares will be subject to a hold period of four months plus
one day after issuance. Barrick will also retain a 2.5% net smelter return
royalty. The acquisition is subject to the approval of the TSXV. 


Richard Sutcliffe, Auriga Gold's President and CEO commented, "We are very
pleased to have the opportunity to purchase the Prosperity North Property from
Pioneer Metals, with Barrick being our largest shareholder. Prosperity North is
a significant property both in size and geological profile and offers a large
regional gold-copper porphyry style target. While we intend to focus on the
development of the Maverick Gold Project in Manitoba, our team has the necessary
experience to develop a drill program to selectively test the existing anomalies
and we anticipate drilling Prosperity North this summer."


About Auriga Gold 

Auriga Gold Corp. is a Canadian mine development and exploration company focused
on developing the Puffy Lake Mine and expanding gold resources on its Puffy Lake
and Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade
and expand the resources at the Maverick Gold Project, initiate test mining,
complete feasibility studies of mineral reserves, and bring the Puffy Lake Mine
back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a
developed underground ramp to 135 metres depth, is fully road accessible and
close to existing mining infrastructure. The Maverick Gold Project is located in
the Flin Flon Greenstone Belt of Central Manitoba.


Certain information regarding the Company including management's assessment of
future plans and operations, may constitute forward looking statements under
applicable securities laws and necessarily involve risks associated with mining
exploration and development, volatility of prices, currency fluctuations,
imprecision of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to access
sufficient capital. As a consequence, actual results may differ materially from
those anticipated in the forward-looking statements. A feasibility study has not
been completed and there is no certainty the disclosed targets will be achieved
nor that the proposed operations will be economically viable. This press release
is not and is not to be construed as an offer to buy or sell securities in the
United States.

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